Correct Answer: Both 1 & 2

Solution : The things to think about when choosing an accounting software supplier.
Flexibility.

Adaptability.

the price of installation and upkeep.

a company's size.

level of secrecy.

Hence the correct answer is option 4.

Correct Answer: Accounting ratio

Solution : Answer = Accounting ratio

The accounting ratio may be expressed as an arithmetical relationship between two accounting variables. The term accounting ratio is used to describe significant relationships which exist between figures shown in a Balance Sheet, in a Statement of Profit and Loss, in a budgetary control system.
Hence, the correct option is 2.

Correct Answer: Profit and loss account

Solution : Answer = Profit and loss account

The Profit and Loss Account, also known as the Income Statement, summarizes a company's financial performance over a specific period by detailing revenues, expenses, gains, and losses. It provides insights into the profitability of the business operations during that accounting period.
Hence, the correct option is 1.

Correct Answer: Automated document production

Solution : A computerised accounting system has the following drawbacks:
Expensive training.
Interruptions in service.
Systems failure
Expensive installation fees.
Failure to recognise unexpected mistakes
Security breach

Hence the correct answer is option 3.

Correct Answer: manually

Solution : The manual system of accounting calls for manual adding, subtracting, and totaling as well as the recording of transactions in the original entry books. Hence, the correct option is 1.

Correct Answer: Software, Hardware, People

Solution : Components of computerised accounting system are - 

Software

Hardware

People

Hence the correct answer is option 2.

Correct Answer: System software and application software

Solution : Under a computerized accounting system, software means system software and application software. Hence, the correct option is 2.

Correct Answer: Database Management System

Solution : The idea of a database is the foundation of contemporary computerised accounting systems. A database management system, which is defined by a collection of computer programmes (or software) that properly manage and organise data and give access to the stored data to application programmes, is used to implement databases.

Hence the Correct answer is option 2.

Correct Answer: All of the above

Solution : The various applications of spreadsheet in accounting are as follows :

Text and number in Accounting

Calculation of Expense

Calculation of Income

Prepration of trading account

Preparation of Profit Loss Account

Trial Balance

Balance Sheet

Hence the correct answer is option 4.